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Ralph Tye & Sons Inc.

Salt Lake City, UT · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Ralph Tye & Sons Inc. is located in Salt Lake City, UT, and the SBA lists its industry as Plumbing, Heating, and Air-Conditioning Contractors. It was approved for an SBA 7(a) loan of $2,973,000 for a change of ownership on December 27, 2024.

SBA 7(a) loan, change of ownership, approved Dec 27, 2024

Gross approval
$2,973,000
SBA-guaranteed amount
$2,229,750 (75% of the approval)
Lender
UMB Bank, National Association, Kansas City, MO
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
6.85%, variable
Term
25 years (300 months)
Estimated maturity
December 27, 2049 (estimated, approval date plus term)
Estimated monthly payment
$20,729 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 31, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Salt Lake County, UT
SBA district office
Utah District Office
Congressional district
UT-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in Utah